What is Hunan Zhongke Electric Co Inventory-to-Revenue?
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Hunan Zhongke Electric Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ¥2,321 Mil. Hunan Zhongke Electric Co's Revenue for the
three
months ended in Sep. 2024 was ¥1,620 Mil.
Hunan Zhongke Electric Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.43.
Hunan Zhongke Electric Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024
declined
from Jun. 2024 (1.74) to Jun. 2024 (1.43)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hunan Zhongke Electric Co's Days Inventory for the
three
months ended in Sep. 2024 was 164.37.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Hunan Zhongke Electric Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.56.
Hunan Zhongke Electric Co Inventory-to-Revenue Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Hunan Zhongke Electric Co Inventory-to-Revenue Chart
Competitive Comparison of Hunan Zhongke Electric Co's Inventory-to-Revenue
For the Specialty Industrial Machinery subindustry, Hunan Zhongke Electric Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Hunan Zhongke Electric Co's Inventory-to-Revenue Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hunan Zhongke Electric Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Hunan Zhongke Electric Co's Inventory-to-Revenue falls into.
Hunan Zhongke Electric Co Inventory-to-Revenue Calculation
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Hunan Zhongke Electric Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hunan Zhongke Electric Co (SZSE:300035) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Hunan Zhongke Electric Co's Days Inventory for the
three
months ended in Sep. 2024 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Hunan Zhongke Electric Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Hunan Zhongke Electric Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Hunan Zhongke Electric Co Ltd is engaged in the electromagnetic metallurgical industry. The company's products include tundish channel type induction heating and refining equipment, metal melting and casting electromagnetic stirring complete sets of equipment, complete sets of magnetic lifting equipment, magnetic separator. It is used in iron and steel, transport, shipbuilding, machinery, mining and other industries.
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